This is the most exciting news I've heard from BGS in some time, Kevin's language has changed and we are definitely moving into very exciting times.
Infill drilling to define JORC-Compliant Resource
We have been waiting for this for some time and it finally looks like its time to firm up all the areas into a JORC compliant resource. Essential for preparing a Feasibility to support the ESIA. Wonder if RG has said time to get serious?
Advanced Metallurgical Studies
Once again these also required for Feasibility.
Formal Environmental and Social Impact Studies
Required for mining approvals. There are 2 ways forward with this as I see it, standalone operation which may take a bit longer for approval or an alternative would be to run this as an extension to the existing Morila operation. The later is usually a fast path to production.
JORC Compliant Resource, Advanced Studies, ESIA all means on thing wheels moving to move us into production.
Should be a very exciting 3 - 6 months.
BGS Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held